Mutual of America Capital Management LLC Purchases 3,110 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Mutual of America Capital Management LLC lifted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,064 shares of the company’s stock after purchasing an additional 3,110 shares during the quarter. Mutual of America Capital Management LLC’s holdings in TKO Group were worth $3,024,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in shares of TKO Group in the 3rd quarter worth approximately $1,649,000. abrdn plc bought a new stake in shares of TKO Group in the 3rd quarter worth approximately $12,921,000. Victory Capital Management Inc. bought a new stake in shares of TKO Group in the 3rd quarter worth approximately $10,602,000. Clearbridge Investments LLC bought a new stake in shares of TKO Group in the 3rd quarter worth approximately $118,378,000. Finally, Rhumbline Advisers bought a new stake in shares of TKO Group in the 3rd quarter worth approximately $13,324,000. 89.79% of the stock is owned by institutional investors.

TKO Group Price Performance

Shares of TKO opened at $95.77 on Friday. The firm has a market cap of $16.47 billion, a PE ratio of 140.84 and a beta of 1.06. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $87.14 and a two-hundred day simple moving average of $82.60. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $106.16.

TKO Group (NYSE:TKO) last announced its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). The company had revenue of $614.00 million for the quarter, compared to analysts’ expectations of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 2.39 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Moffett Nathanson initiated coverage on TKO Group in a research report on Monday, January 29th. They issued a “neutral” rating and a $95.00 price target on the stock. Jefferies Financial Group boosted their price objective on shares of TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Bank of America initiated coverage on shares of TKO Group in a report on Friday, March 15th. They issued a “buy” rating and a $100.00 price objective for the company. Roth Mkm restated a “buy” rating and issued a $112.00 price objective on shares of TKO Group in a report on Friday, April 12th. Finally, TD Cowen initiated coverage on shares of TKO Group in a report on Friday, January 12th. They issued a “market perform” rating and a $92.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $108.31.

Insider Transactions at TKO Group

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the completion of the sale, the insider now directly owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 38.90% of the stock is currently owned by company insiders.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.